The demand within the global smart ovens market is slated to rise in the years to follow. The growth of smart technologies in the electronics industry has created vital opportunities for market growth and development. Smart ovens have become an important part of smart kitchens that boast of high-end technologies. The development of smart buildings and hotels, coupled with the growing investments in electronic research, has given an impetus to market growth. In the next decade, a new age of digital technologies is projected to make way into the market. As this trend gains momentum, the total volume of revenues within the global smart ovens market shall multiply.
In this blog by TMR Research, several trends and opportunities pertaining to the demand for smart ovens have been enunciated.
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Connectivity of Ovens to Smart Voice and Home Assistants
The past decade has been an integral era for digital transformation, and several new e-technologies have come to the fore. The trend of artificial intelligence and automation technologies has prompted consumers to buy remotely manageable kitchen and home appliances. Therefore, Bluetooth connectivity feature of smart ovens has helped in driving sales across the market. In addition to this, the ability to connect these ovens with digital voice assistants offers humongous opportunities for market growth.
Amazon Echo and Google Home as Key Cross-Selling Devices
A large population of people uses digital voice assistants such as Google Home, Alexa, and Amazon Echo. Therefore, manufacturers of smart ovens use the appliance’s ability to connect to these home devices as a key selling point. In the next decade, several new opportunities for market growth and maturity are expected to find their way into the market.
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Some of the key players operating in the global smart ovens market are LG Electronics, Panasonic Corporation, and Samsung Electronics Co. Ltd.